Lithium Technologies Raises $18M in Series C Financing

Lithium Technologies, Inc., an Emeryville, CA-based provider of Social Customer Relationship Management (CRM) solutions that give companies the ability to create and manage their own social customer networks, completed a $18m round of Series C equity funding.

Backers in the round include new investors DAG Ventures and Tenaya Capital, and exisiting investors Benchmark Capital, Emergence Capital and Shasta Ventures, each of which invested in a $12m Series B financing round in June 2008.

The funds will be used to support the company’s continued growth and to solidify its market position.